Bitcoin (BTC) is a digital currency created in 2009 by an anonymous person or group known as Satoshi Nakamoto. It operates on a peer-to-peer network, allowing users to make transactions directly without intermediaries like banks. Bitcoin transactions are recorded on a decentralized public ledger called the blockchain, ensuring transparency and security. With a capped supply of 21 million coins, Bitcoin is often seen as a hedge against inflation, similar to gold. The cryptocurrency uses a consensus mechanism called proof of work, where miners validate transactions by solving complex mathematical problems. Over the years, Bitcoin has gained significant attention from both investors and institutions, becoming a store of value and a medium of exchange in various industries. However, its volatility and regulatory challenges continue to raise questions about its future role in the global financial system. Despite these concerns, Bitcoin remains a cornerstone of the cryptocurrency revolution.
